Appraisal Institute data shows that home improvements focused on the outside of a property are most likely to result in a positive cost-to-value ratio therefore making them cost effective outdoor landscape renovation projects that help homeowner valuation.
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to prioritize cost effective outdoor landscape renovation projects when seeking to increase their potential return on investment.
Cost Effective Outdoor Landscape Renovation Projects Data
“The latest data shows that home improvements focused on the outside of a property are most likely to result in a positive cost-to-value ratio,” said Appraisal Institute President James L. Murrett, MAI, SRA. “However, spending money on renovations doesn’t necessarily generate a dollar-for-dollar return. Bottom line: cost doesn’t necessarily equal value.” Therefore be sure you perform cost effective outdoor landscape renovation projects.
According to Remodeling magazine’s most recent Cost vs. Value report, the projects with the highest expected return on investment are manufactured stone veneer, steel entry door replacement, wooden deck addition and minor kitchen remodel. Other projects with potential payoffs, according to the report, are siding replacement and universal design bathroom.
The longer a homeowner stays in a property, the greater the opportunity for a return on investment. Murrett advocated that homeowners considering improvement projects compare the planned renovation to what’s typical in the local area and should design cost effective outdoor landscape renovation projects.
“Renovations that elevate a property well in excess of community norms are typically not worth the cost when the owner sells the home,” Murrett said.
CAD Software for Cost Effective Outdoor Landscape Renovation Projects
Common landscape symbols and their proper use can assist you in the creation process of your landscape designs. CAD Pro includes a variety of pre-drawn landscape symbols and landscape auto-shapes which save time and money. You can also create any type of custom landscape symbols you may require and save them as landscape symbols for future use, therefore saving time and money.
DIY Cost Effective Outdoor Landscape Renovation Projects
Simply open any of the CAD Pro do-it-yourself plans, then customize them to fit your specific needs. Quickly print your plans or email them to your favorite contractor. This is one of the easiest ways to start any cost effective outdoor landscape renovation projects!
Cad Pro is an affordable and easy alternative to other more expensive CAD landscape software programs. Cad Pro is great for creating custom home plans, building plans, office plans, construction details, and much more.